Stox investment analysis

Blockchain can seemingly be used for many things these days and the wide application of this venture appeals to a wide array of economic interest areas. The Stox project is an exciting economic instrument that has the power to expand the influence of the prediction market along with other decentralized platforms like it. But in this case, the disruptive nature of the Stox investment is rather less elusive than the most predictive market on the centralized networks.

The platform’s goal is to develop an ecosystem built on the Ethereum VM which will enable people to have access to the predictive market which is a growing niche of economic interests. The predictive market has so far yet to be fully exploited and with this platform’s objectives, a widespread application of their protocol should enhance the effectiveness of the economic potential.

Categories to be focused on by their predictive market includes sports, weather forecast, and regular social activities.

How to buy Stox?

The coin is currently being traded on 8 exchanges. Most of the exchanges where the asset is being traded are becoming fairly popular in crypto-space. The major trade pairs are BNT, BTC, ETH, and USDT. In order to buy Stox, there are few steps to be taken.

First, you will need any of the trade pairs, which includes you either have them already in your wallet or on any of the listed exchanges. Secondly, ensure you choose a trade asset with good enough liquidity to make the transaction go smoothly. Thirdly, once the asset has been purchased from the exchange, you need an external wallet to transfer your new coin.

As for storage, the token is an Ethereum ERC-20 based token and this makes it possible to store in any of the compatible wallets, such as myetherwallet and metamask. You could also choose to store them in the exchanges if you want on-the-go liquidation – for trading purposes.

Is it safe to invest in STX now?

The traditional prediction markets are quite centralized, however, when you combine that experience with the power of the blockchain and the decentralized nature of the enterprise, what we get is a fusion of economic possibilities. Taking a dive at Stox analysis will enable one to truly have an overview prospective value of the enterprise, as not all projects built on the blockchain is worth the time of day.

This central theme of the project is directed towards lowering entry barriers into the predictions market by addressing certain problems they feel are deterrents to the success of the niche. Such problems include the ambiguous nature or transparency problems of the centralized system, the influence of politics and biased systems and also the lack of certainty on regulatory matters within the decentralized world; that hinders key potential players from tapping into the full potential of the predictions market.

One very important feature of this project is the use of the ‘wisdom of the crowd’ which is aged business strategy. However, growing within the internet space, it is gaining both virtual space recognition and real-world application simultaneously.

Therefore, those who invest in STX or in projects that have a similar conceptual framework in harnessing the decentralized nature of using the wisdom of the crowd, have a tendency to tap into the infinite economic potential of the probability market.

Another intriguing feature of this platform is the intent to incentivize a variety of key players from the traditional prediction markets to drive traffic to their platform in order to build their community base. This is valuable because rather than building walls like every other system does, they are building bridges that extend to the pseudo-partner-like business relationship.

The Stox project aims to leverage these newly formed relationships thereby building a consortium-like predictive market ecosystem; such that different service providers will see themselves as members of a larger evolving group.

On an operational level, the platform has been designed to give the user the best experiences. With supportive functions to minimize the loss of the STX currency in a risk-free algorithm.

As for trading, the coin which sold at $1.48 USD during ICO, ended up with a listing of around $1.21 USD. So far, the trading price has seen a dip of more than 86% from ICO price. More so, trading profit potentials have seen the all-time potential of more than 1,386 obtained from its all-time high and all-time low to the point of this writing. Investors are not to take this information as any source of financial or investment advice, do your own research before investing in any coin.

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All cryptocurrency profit forecasts provided on the website are predicted based on the data obtained from the analysis algorithm and are published for informational purposes only. This information should not be used for any financial decisions. Always seek the help of a trusted financial advisor before committing to any investment and never invest money you cannot afford to lose.